Indian Bank FD Calculator
Total value of investment
₹1,38,042
Indian Bank FD Rates on Domestic/NRE/Capital Gains Type B/Tax Saver Fixed Deposits of less than Rs 2 crore - General Citizens
| Tenure | Interest rate p.a. (General citizens) |
| 7 days to 14 days | 2.8 |
| 15 days to 29 days | 2.8 |
| 30 days to 45 days | 3 |
| 46 days to 90 days | 3.25 |
| 91 days to 120 days | 3.5 |
| 121 days to 180 days | 3.75 |
| 181 days to less than 9 months | 4 |
| 9 months to less than 1 year | 4.4 |
| 1 year | 5.45 |
| Above 1 year to less than 2 years | 5.5 |
| 2 years to less than 3 years | 5.55 |
| 3 years to less than 5 years | 5.75 |
| 5 years | 5.65 |
| Above 5 years | 5.65 |
| 610 days (IND UTSAV 610)* | 6.1 |
Note: The FD interest rates are effective as of 24 August 2022
Indian Bank FD Rates on Domestic/NRE/Capital Gains Type B/Tax Saver Fixed Deposits of less than Rs 2 crore - Senior Citizens
| Tenure | Interest rate p.a. (Senior citizens) |
| 7 days to 14 days | 2.8 |
| 15 days to 29 days | 3.3 |
| 30 days to 45 days | 3.5 |
| 46 days to 90 days | 3.75 |
| 91 days to 120 days | 4 |
| 121 days to 180 days | 4.25 |
| 181 days to less than 9 months | 4.5 |
| 9 months to less than 1 year | 4.9 |
| 1 year | 5.95 |
| Above 1 year to less than 2 years | 6 |
| 2 years to less than 3 years | 6.05 |
| 3 years to less than 5 years | 6.25 |
| 5 years | 6.15 |
| Above 5 years | 6.4 |
| 610 days (IND UTSAV 610)* | 6.25 |
Note: The FD interest rates are effective as of 24 August 2022
Indian Bank Interest Rates on Domestic/NRE/Capital Gains Type B/Tax Saver Fixed Deposits of Rs 2 crore to less than Rs 5 crore - General Citizens
| Tenure | Interest rate p.a. (General citizens) |
| 7 days to 14 days | 2.9 |
| 15 days to 29 days | 2.9 |
| 30 days to 45 days | 2.9 |
| 46 days to 90 days | 2.9 |
| 91 days to 120 days | 2.9 |
| 121 days to 180 days | 2.9 |
| 181 days to less than 9 months | 3.9 |
| 9 months to less than 1 year | 3.25 |
| 1 year | 3.55 |
| Above 1 year to less than 2 years | 3.25 |
| 2 years to less than 3 years | 3.25 |
| 3 years to less than 5 years | 3.25 |
| 5 years | 3.25 |
| Above 5 years | 3.25 |
Note: The FD interest rates are effective as of 24 August 2022
Indian Bank Interest Rates on Domestic/NRE/Capital Gains Type B/Tax Saver Fixed Deposits of Rs 2 crore to less than Rs 5 crore - Senior Citizens
| Tenure | Interest rate p.a. (Senior citizens) |
| 7 days to 14 days | 3.4 |
| 15 days to 29 days | 3.4 |
| 30 days to 45 days | 3.4 |
| 46 days to 90 days | 3.4 |
| 91 days to 120 days | 3.4 |
| 121 days to 180 days | 3.4 |
| 181 days to less than 9 months | 4.4 |
| 9 months to less than 1 year | 3.75 |
| 1 year | 4.05 |
| Above 1 year to less than 2 years | 3.75 |
| 2 years to less than 3 years | 3.75 |
| 3 years to less than 5 years | 3.75 |
| 5 years | 3.75 |
| Above 5 years | 4 |
Note: The FD interest rates are effective as of 24 August 2022
Interest Rates of FCNR (B) and RFC Deposits
| Currency | 1 year to less than 2 years | 2 years to less than 3 years | 3 years to less than 4 years | 4 years to less than 5 years | 5 years |
| USD | 2.9 | 3 | 3.1 | 3.1 | 3.1 |
| GBP | 2 | 2.2 | 2.25 | 2.25 | 2.25 |
| EUR | 0.02 | 0.01 | 0.01 | 0.1 | 0.15 |
| JPY | 0.11 | 0.13 | 0.12 | 0.13 | 0.14 |
| CAD | 1.81 | 2.36 | 2.6 | 2.66 | 2.67 |
| AUD | 1.2 | 1.7 | 2.05 | 2.3 | 2.45 |
| CHF | 0 | 0.01 | 0.02 | 0.03 | 0.05 |
| SGD | 0.27 | 0.4 | 0.49 | 0.55 | 0.61 |
Note: The FD interest rates are effective as of 2 August 2022
Foreclosure Charges
| Period of Deposit | Deposits up to Rs. 5 lakhs | Deposits above Rs. 5 lakhs |
| Less than 7 days | No interest will be credited | No interest will be credited |
| 7 days and above | “No penalty if deposits are kept for at least 181 days, i.e. the eligible interest rate will be the relevant card rate for the actual period run on the date of deposit. | |
| If deposits are closed before 181 days: the applicable rate will be the relevant card rate for the actual time run prevailing on the day of deposit, less 1% p.a. as foreclosure charges” | Applicable rate will be the relevant card rate for the actual time run prevailing on the day of deposit, less 1% p.a. as foreclosure charges |
What is the Indian Bank FD Interest Calculator?
The Indian Bank FD Interest Calculator is an online investment planning tool that calculates the interest earned on your fixed deposit and the maturity amount based on the inputs provided. The calculator determines the maturity amount and interest earned on your FD using the investment amount, interest rate on the FD, and the investment tenure.
You can use the Indian Bank FD Interest Calculator to understand how much interest you can earn on your FD and the maturity amount, helping you evaluate the returns from your FD.
How to Use the Indian Bank FD Interest Calculator?
Using the Indian Bank FD Interest Calculator is quite easy. Follow the steps below to calculate the interest earned and maturity amount of your Indian Bank FD investments.
Step 1: Enter the lump-sum investment amount by using the slider or manually entering the amount.
Step 2: Enter the interest rate applicable to your Indian Bank Fixed Deposit.
Step 3: Select the investment tenure, i.e the number of years your FD is held.
Once you have entered the investment tenure, the FD Interest calculator will display the total interest earned and the maturity amount.
Benefits of Using the Indian Bank FD Calculator
The following are the benefits of using the Indian Bank FD Interest Calculator.
Instant Results
The Indian Bank FD Calculator estimates the interest earned and maturity value of your fixed deposits within seconds.
Accuracy
The Indian Bank FD Calculator calculates the maturity value and the total interest earned based on the inputs, reducing the possibility of errors associated with manual calculations.
Testing Investment Scenarios
You can use the calculator to compare different investment scenarios by changing the lump-sum investment amount and the investment period.
Free and Accessible
You can use the Indian Bank FD Calculator anytime and anywhere without having to pay any fees.
Formula to Calculate FD Maturity Amount
The Indian Bank FD calculator uses the following formula to calculate the interest earned and the maturity amount of your fixed deposit investment.
A = P (1 + r/n) ^ n*t
Where,
A = Maturity amount of the FD
P = Principal deposit amount
r = Annual rate of interest, expressed as a decimal
n = Number of times interest is compounded per year
t = Investment tenure in years
Frequently Asked Questions
What is the Indian Bank FD Calculator?
The Indian Bank FD Calculator is an online financial planning tool that calculates the interest earned and the maturity value of your Indian Bank FD investments based on the inputs provided.
What is the formula used to calculate interest earned and maturity amount?
A = P (1 + r/n) ^ n*t
Where,
A = Maturity amount of the FD
P = Principal deposit amount
r = Annual rate of interest, expressed as a decimal
n = Number of times interest is compounded per year
t = Investment tenure in years
How to use the Indian Bank FD Calculator?
To use the Indian Bank FD Calculator, you need to enter the lump-sum investment amount, interest rate, and the investment tenure to calculate the interest earnings and the maturity amount.
What are the benefits of using the Indian Bank FD Calculator?
The Indian Bank FD Calculator helps you calculate your interest earnings and total maturity amount quickly, saving time and making financial planning much easier.